…as Kachikwu targets full refining production 2019 As the Nigeria international petroleum summit ended, Nigeria’s Vice-president Professor Yemi Osinbajo, has said that the success of the summit has provided a platform for oil and gas exploration in Africa to thrive after decades of wobbling. Osinbajo said this while declaring close a week-long international oil summit […]
…Kebbi, Katsina, Sokoto, Zamfara Governor Aminu Waziri Tambuwal said his administration will support the Federal Government in ensuring the success of exploration activities in the Sokoto Basin. According to him, governors of Sokoto, Kebbi, Zamfara and Katsina states are willing to partner with relevant agencies to facilitate the exploration of both ethanol and hydrocarbon resources […]
The Nigerian National Petroleum Corporation (NNPC) has commenced exploration activities in the Benue Trough. The Group Managing Director of the Corporation, Mr. Maikanti Baru, announced this development during a visit to the Governor of Nasarawa State, Mr. Umaru Tanko Almakura in Lafia. Baru said the visit was in fulfilment of the Presidential mandate which directed […]
…..As company becomes 5th largest oil producer in Nigeria Nigerian Petroleum Development Company (NPDC), the flagship subsidiary of the Nigerian National Petroleum Corporation (NNPC), is poised to grow its equity production from the current 180,000 barrels per day to 300,000 bpd by 2018 and by 2019 and 2020 its production is expected to hit 400,000 […]
The Nigerian National Petroleum Corporation, NNPC, has renegotiated its deep offshore rig-rate from a staggering $580,000 to $164,000 per day, saving the country a 71.7 per cent cost of executing a similar operation in the past. Similarly, the Corporation has achieved a 35 per cent downward review of rig rates per day for both swamp […]